Stability and competitive equilibrium in trading networks

Journal of Political Economy

Volumn 121, Issue 5, 2013, Pages 966-1005

  Hatfield, John William ^a   Kominers, Scott Duke ^b   Nichifor, Alexandru ^c   Ostrovsky, Michael ^d   Westkamp, Alexander ^e  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

^b HARVARD UNIVERSITY   (United States)

^c UNIVERSITY OF ST ANDREWS   (United Kingdom)

^d STANFORD UNIVERSITY   (United States)

^e MAASTRICHT UNIVERSITY   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITIVENESS; ECONOMETRICS; LINEARITY; NUMERICAL MODEL;

EID: 84890962386     PISSN: 00223808     EISSN: 1537534X     Source Type: Journal    
DOI: 10.1086/673402     Document Type: Article

References (43)

1. Ausubel, Larry M., and Paul Milgrom. 2002. "Ascending Auctions with Package Bidding. " Frontiers Theoretical Econ. 1:1-42.
2. Baake, Pio, Jörg Oechssler, and Cristoph Schenk. 1999. "Explaining Cross-Supplies. " J. Econ. 70:37-60.
3. Baldwin, Elizabeth, and Paul Klemperer. 2013. "Tropical Geometry to Analyse Demand. " Working paper, Oxford Univ.
4. Bikhchandani, Sushil, and John W. Mamer. 1997. "Competitive Equilibrium in an Exchange Economy with Indivisibilities. " J. Econ. Theory 74:385-413.
5. Blair, Charles. 1988. "The Lattice Structure of the Set of Stable Matchings with Multiple Partners. " Math. Operations Res. 13:619-28.
6. Crawford, Vincent P., and Elsie Marie Knoer. 1981. "Job Matching with Heterogeneous Firms and Workers. " Econometrica 49:437-50.
7. Echenique, Federico, and Jorge Oviedo. 2006. "A Theory of Stability in Many-to-Many Matching Markets. " Theoretical Econ. 1:233-73.
8. Gale, David. 1960. The Theory of Linear Economic Models. Chicago: Univ. Chicago Press.
9. Gale, David, and Lloyd S. Shapley. 1962. "College Admissions and the Stability of Marriage. " American Math. Monthly 69:9-15.
10. Gale, Ian L., Donald B. Hausch, and Mark Stegeman. 2000. "Sequential Procurement with Subcontracting. " Internat. Econ. Rev. 41:989-1020.
11. Gul, Faruk, and Ennio Stacchetti. 1999. "Walrasian Equilibrium with Gross Substitutes. " J. Econ. Theory 87:95-124.
12. Gul, Faruk, and Ennio Stacchetti. 2000. "The English Auction with Differentiated Commodities. " J. Econ. Theory 92:66-95.
13. Hatfield, John William, and Fuhito Kojima. 2008. "Matching with Contracts: Comment. " A.E.R. 98:1189-94.
14. Hatfield, John William, and Fuhito Kojima. 2010. "Substitutes and Stability for Matching with Contracts. " J. Econ. Theory 145:1704-23.
15. Hatfield, John William, and Scott Duke Kominers. 2012. "Matching in Networks with Bilateral Contracts. " American Econ. J.: Microeconomics 4:176-208.
16. Hatfield, John William, and Scott Duke Kominers. 2013a. "Contract Design and Stability in Many-to-Many Matching. " Working paper, Harvard Univ.
17. Hatfield, John William, and Scott Duke Kominers. 2013b. "Hidden Substitutes. " Working paper, Harvard Univ.
18. Hatfield, John William, Scott Duke Kominers, Alexandru Nichifor, Michael Ostrovsky, and Alexander Westkamp. 2013. "Full Substitutability in Trading Networks. " Working paper, Grad. School Bus., Stanford Univ.
19. Hatfield, John William, and Paul R. Milgrom. 2005. "Matching with Contracts. " A.E.R. 95:913-35.
20. Hatfield, John William, Charles R. Plott, and Tomomi Tanaka. 2012a. "Price Controls, Non-price Quality Competition, and Stable Outcomes. " Working paper, Grad. School Bus., Stanford Univ.
21. Hatfield, John William, Charles R. Plott, and Tomomi Tanaka. 2012b. "Understanding Price Controls and Non-price Competition through Matching Theory. " A.E.R. Papers and Proc. 102:371-75.
22. Kamien, Morton I., Lode Li, and Dov Samet. 1989. "Bertrand Competition with Subcontracting. " RAND J. Econ. 20:553-67.
23. Kelso, Alexander S., and Vincent P. Crawford. 1982. "Job Matching, Coalition Formation, and Gross Substitutes. " Econometrica 50:1483-1504.
24. Klaus, Bettina, and Markus Walzl. 2009. "Stable Many-to-Many Matchings with Contracts. " J. Math. Econ. 45 (7-8): 422-34.
25. Konishi, Hideo, and M. Utku Ü nver. 2006. "Credible Group-Stability in Many-to-Many Matching Problems. " J. Econ. Theory 129:57-80.
26. Koopmans, Tjalling C., and Martin Beckmann. 1957. "Assignment Problems and the Location of Economic Activities. " Econometrica 25:53-76.
27. Larsen, Bradley. 2013. "The Efficiency of Dynamic, Post-auction Bargaining: Evidence from Wholesale Used-Auto Auctions. "Working paper, Massachusetts Inst. Tech.
28. Marion, Justin. 2013. "Sourcing from the Enemy: Horizontal Subcontracting in Highway Procurement. " Working paper, Univ. California, Santa Cruz.
29. NADA (National Automobile Dealers Assoc.). 2012. "NADA DATA 2012: State-ofthe-Industry Report. " http://www.nada.org/Publications/NADADATA/2012/default.htm.
30. NIADA (National Independent Automobile Dealers Assoc.). 2011. "NIADA's Used Car Industry Report. " http://issuu.com/niada/docs/2011ucr.
31. Ostrovsky, Michael. 2008. "Stability in Supply Chain Networks. " A.E.R. 98:897-923.
32. Patrik, Gary S. 2001. "Reinsurance. " In Foundations of Casualty Actuarial Science, 4th ed., 343-484. Arlington, VA: Casualty Actuarial Soc.
33. Powers, Michael R., and Martin Shubik. 2001. "Toward a Theory of Reinsurance and Retrocession. " Insurance: Math. and Econ. 29:271-90.
34. Roth, Alvin E. 1984. "Stability and Polarization of Interests in Job Matching. " Econometrica 52:47-57.
35. Roth, Alvin E., and Marilda A. O. Sotomayor. 1990. Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis. Cambridge: Cambridge Univ. Press.
36. Shapley, Lloyd S., and Martin Shubik. 1971. "The Assignment Game I: The Core. " Internat. J. Game Theory 1:111-30.
37. Sotomayor, Marilda A. O. 1999. "Three Remarks on the Many-to-Many Stable Matching Problem. " Math. Soc. Sci. 38:55-70.
38. Sotomayor, Marilda A. O. 2007. "Connecting the Cooperative and Competitive Structures of the Multiple-Partners Assignment Game. " J. Econ. Theory 134:155-74.
39. Spiegel, Yossef. 1993. "Horizontal Subcontracting. " RAND J. Econ. 24:570-90.
40. Sun, Ning, and Zaifu Yang. 2006. "Equilibria and Indivisibilities: Gross Substitutes and Complements. " Econometrica 74:1385-1402.
41. Sun, Ning, and Zaifu Yang. 2009. "A Double-Track Adjustment Process for Discrete Markets with Substitutes and Complements. " Econometrica 77:933-52.
42. Tadelis, Steven, and Florian Zettelmeyer. 2011. "Information Disclosure as a Matching Mechanism: Theory and Evidence from a Field Experiment. " Working paper, Univ. California, Berkeley.
43. Westkamp, Alexander. 2010. "Market Structure and Matching with Contracts. " J. Econ. Theory 145:1724-38.